Insider Selling: Boeing Co (BA) CFO Sells 36,079 Shares of Stock

Boeing Co (NYSE:BA) CFO Gregory D. Smith sold 36,079 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $337.43, for a total value of $12,174,136.97. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Boeing Co (NYSE BA) opened at $344.85 on Thursday. The company has a debt-to-equity ratio of 23.74, a current ratio of 1.16 and a quick ratio of 0.37. Boeing Co has a 12-month low of $168.35 and a 12-month high of $361.45. The company has a market capitalization of $205,390.00, a price-to-earnings ratio of 29.40, a P/E/G ratio of 1.88 and a beta of 1.44.

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Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 EPS for the quarter, topping the Zacks’ consensus estimate of $2.91 by $1.89. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. The company had revenue of $25.37 billion for the quarter, compared to analysts’ expectations of $24.78 billion. During the same quarter last year, the business earned $2.47 earnings per share. Boeing’s revenue was up 8.9% on a year-over-year basis. analysts expect that Boeing Co will post 14.03 EPS for the current fiscal year.

Boeing declared that its Board of Directors has approved a share buyback program on Monday, December 11th that authorizes the company to repurchase $18.00 billion in outstanding shares. This repurchase authorization authorizes the aircraft producer to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be given a $1.71 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 1.98%. This is a boost from Boeing’s previous quarterly dividend of $1.42. Boeing’s dividend payout ratio (DPR) is presently 58.31%.

BA has been the subject of several research reports. Buckingham Research set a $289.00 price target on Boeing and gave the company a “hold” rating in a report on Thursday, February 8th. Zacks Investment Research raised Boeing from a “hold” rating to a “buy” rating and set a $330.00 price target for the company in a report on Tuesday, January 2nd. Canaccord Genuity reaffirmed a “hold” rating and set a $345.00 price target (up previously from $290.00) on shares of Boeing in a report on Thursday, February 1st. Robert W. Baird set a $433.00 price target on Boeing and gave the company a “buy” rating in a report on Tuesday, January 16th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. set a $325.00 price target on Boeing and gave the company a “buy” rating in a report on Tuesday, December 12th. Ten research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Boeing presently has a consensus rating of “Buy” and a consensus target price of $353.24.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Riverpoint Wealth Management Holdings LLC boosted its stake in Boeing by 0.3% in the second quarter. Riverpoint Wealth Management Holdings LLC now owns 1,438 shares of the aircraft producer’s stock valued at $293,000 after buying an additional 4 shares in the last quarter. Accredited Investors Inc. boosted its stake in Boeing by 0.4% in the second quarter. Accredited Investors Inc. now owns 1,643 shares of the aircraft producer’s stock valued at $325,000 after buying an additional 6 shares in the last quarter. Arete Wealth Advisors LLC boosted its stake in Boeing by 0.4% in the second quarter. Arete Wealth Advisors LLC now owns 2,404 shares of the aircraft producer’s stock valued at $475,000 after buying an additional 9 shares in the last quarter. High Falls Advisors Inc boosted its stake in Boeing by 0.3% in the second quarter. High Falls Advisors Inc now owns 3,520 shares of the aircraft producer’s stock valued at $696,000 after buying an additional 11 shares in the last quarter. Finally, Arcus Capital Partners LLC boosted its stake in Boeing by 0.7% in the second quarter. Arcus Capital Partners LLC now owns 1,640 shares of the aircraft producer’s stock valued at $324,000 after buying an additional 12 shares in the last quarter. Institutional investors own 70.45% of the company’s stock.

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Boeing Company Profile

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.